Discounted Cash Flow (DCF) Analysis Levered

Bastide Le Confort Médical SA (BLC.PA)

32.4 €

+0.90 (+2.86%)
All numbers are in Millions, Currency in USD
Stock DCF: 153.56 | 32.4 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 289.05338.40382.71444.07468.30528.78597.06674.17761.23859.54
Revenue (%)
Operating Cash Flow 50.4161.0247.3374.3656.8681.1491.62103.45116.81131.89
Operating Cash Flow (%)
Capital Expenditure -38.28-34.37-39.79-46.51-53.27-58.85-66.45-75.03-84.72-95.66
Capital Expenditure (%)
Free Cash Flow 12.1326.657.5427.853.5922.2925.1728.4232.0936.23

Weighted Average Cost Of Capital

Share price $ 32.4
Beta 1.089
Diluted Shares Outstanding 7.37
Cost of Debt
Tax Rate 34.90
After-tax Cost of Debt 1.58%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.656
Total Debt 419.23
Total Equity 238.90
Total Capital 658.13
Debt Weighting 63.70
Equity Weighting 36.30
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 289.05338.40382.71444.07468.30528.78597.06674.17761.23859.54
Operating Cash Flow 50.4161.0247.3374.3656.8681.1491.62103.45116.81131.89
Capital Expenditure -38.28-34.37-39.79-46.51-53.27-58.85-66.45-75.03-84.72-95.66
Free Cash Flow 12.1326.657.5427.853.5922.2925.1728.4232.0936.23
WACC
PV LFCF 21.4023.2025.1627.2729.57
SUM PV LFCF 126.60

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.15
Free cash flow (t + 1) 36.96
Terminal Value 1,719.03
Present Value of Terminal Value 1,402.77

Intrinsic Value

Enterprise Value 1,529.37
Net Debt 397.10
Equity Value 1,132.27
Shares Outstanding 7.37
Equity Value Per Share 153.56